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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (578)	5/11/1999 9:33:00 AM
From: John S. Baker	Read Replies (2) \| Respond to of 603

Exact wording from page 6 of Skousen's May, '99 newsletter, in which he added Barrick Gold (ABX) to his simplified stock portfolio: "In placing Barrick in the simplified portfolio, I'm moving Altair International out, although it remains a buy. Please note that I am committed to Altair ... over the long run, and I still believe it will fulfill its potential. But over the next six to 12 months, which is the time frame I set for my short-term portfolios, we can do better in the precious metals arena with Barrick." I really don't have a good feel for the root cause of the current drop. Generally I don't consider that any one proponent ... except maybe Warren Buffet or Peter Lynch <grin> ... has the ability, single-handedly, to control the price of a stock. Skousen has been good for our family's investing efforts, but I doubt that he has that much clout in the overall market. (Of course, ALTIF is not very widely known, so his impact might be greater????) IMHO, ALTIF will not really take off until either (a) they get a full-scale jig running and keep it running for a while, or (b) somebody with name recognition buys a significant equity stake in ALTIF or enters into a joint venture with ALTIF, ie "show me the money!". JSb.